Talis Capital, a London private equity boutique that specialises in agriculture, has arranged the financing for a $66m (€51.2m) investment into Cygnet Agro. 

The business has consolidated 37,500 hectares in two Ukrainian corn belt clusters and has begun cultivating corn and soya on the land. 

Cygnet is already on target  to harvest 130,000 tonnes of crop and make profit of at least $9m this year, and is expected to ramp this up to 200,000 tonnes and $25m profit once it can start rotating crops. 

After carrying out a review of agricultural locations based on soil quality, weather, exports infrastructure and land consolidation opportunities, Talis found that Ukraine's central and western corn belt was the most attractive.

Funds advised by Talis have already made one exit since the firm was set up two years ago, netting a 2x return on Enselco Agro.